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A Goldman Sachs analyst warned that Asian LNG prices could rise above $20 per mmBtu if European gas supply tightens this winter. The warning was made in Singapore on November 27.
Higher Asian LNG prices would strengthen the global gas price floor and support energy and fertilizer costs. The effect on feed commodities would be indirect.
reuters.comFlorence Tan, Emily ChowNov 27, 2024After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
